UK drivers desert container runs for sectors that deliver better pay and conditions
Truckers appear to be abandoning container loads for the more-lucrative delivery sector, as the battle ...
Transport Intelligence reports:
The Otto Group has sold a controlling stake in the parcel carrier Hermes UK, along with smaller parts of its last-mile operations in Germany.
The London-based private equity firm Advent International has effectively bought a “75% shareholding in Hermes UK, Advent will also acquire a 25% stake in Hermes Germany, which includes other Hermes Germany Group companies including BorderGuru and a share in the ParcelLock joint venture.”
The deal, announced yesterday (Monday, August 10), is structured so that Hermes is ...
CMA CGM liner trades pummelled in Q1 – and there's worse to come
Container freight rates: 'collapse' is the word, says Xeneta
Mexican rail seizures give near-shoring interests pause for thought
Major box lines still fighting over diminishing supply of smaller ships
Evergreen and Wan Hai face up to bearish market as profits tumble
Cargo shifts back to US west coast ports, but some has gone for good
UPS names John Bolla new president of global healthcare
FedEx pilots win ‘tentative agreement’ on new contract after strike threat
Comment on this article